It has been an interesting year for the New Zealand property market. It’s been a mixed bag, with the flattening out of a boom market and some uncertainty of an unusual election. But once spring finally announced its presence in November things have taken off, with a real boost to the property market, with a return of optimism and confidence.
REINZ figures released last week illustrated this with the number of properties sold across New Zealand increasing by close to 18%, the largest increase from October to November in six years. Over that same timeframe our region saw an increase in the median house price by 10% to $649,000.
At EVES, November saw a good number of listings coming to the market with many great success stories and as we head to the end of the year, this month has seen much of the same. We’re so glad to have seen so many happy sellers and buyers end the year on such a high.
At this time of the year we would like to wish you all a very safe and happy Christmas. Thank you for your business over the last 12 months and I hope you can enjoy some quality time with family and friends.
We remain ‘open for business’ over the festive season so if we can help with your next property transaction give your local EVES salespersons a call and they will be happy to help you out.